NOT LISTED FOR SALE
5 Beds
3 Baths
-- Sq Ft
35,719 Sq Ft Lot

Last Sold January 16, 2025

Last sale price $490,000

69 Days on Market

Highlights

  • Gated Community
  • 2 Car Detached Garage
  • 3-minute walk to Galewood Park
  • 0.82 Acre Lot

About This Home

As of January 2025

A/O. Attention investors & First time home buyers! Don't miss this multi-unit investment opportunity! Brick updated 2 unit with a finished basement. Unit 1 & 2 consists of 2 bed/1 bath basement unit is STUDIO style. This is perfect for an investor or first time owner occupant. All units have YEAR LEASES. Building is in VERY GOOD Condition. Additional income can be charged for garage and side port parking, laundry in basement CAN EASILY CHANGE TO PAID LAUNDRY. Lovely and quiet block. 2nd floor UNIT CAN NOT BE VIEWED UNTIL UNDER CONTRACT. Great way to generate positive cash flow! Building will come with transfer of American Home Shield Gold Home Warranty. PLEASE NOTE... TEANANTS ARE ON ALL 3 LEVELS.

Last Agent to Sell the Property

Tanessa Lee

Intellectual Real Estate Services and Investments License #475163137 Listed on: 09/05/2024

Last Buyer's Agent

Joey Diaz

Pak Home Realty License #475191698

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,130

Year Built

  • Built in 1915 | Remodeled in 2017

Lot Details

  • 0.82

Parking

  • 2 Car Detached Garage
  • Parking Available

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Kipp Ascend Charter Elementary S

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • 0.82 Acre Lot

Community Details

  • 3 Units
  • Gross Income $46,884
  • Gated Community

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,130

Year Built

Built in 1915 | Remodeled in 2017

Lot Details

0.82 Acres

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Finished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Gated, Sidewalks, Street Lights

Schools

  • Elementary School: Kipp Ascend Charter Elementary S

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.82
  • Lot Dimensions: 3,570
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 46884
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4129.7
  • Tax Year: 2023
  • Tax Exemptions: Homeowner
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2025 01/16/25 Sold $490,000 -4.9% --
01/13/2025 01/13/25 For Sale $515,000 +5.1% --
12/31/2024 12/31/24 Off Market $490,000 -- --
11/13/2024 11/13/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $515,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,942 $39,001 $6,605 $32,396
2024 $3,942 $39,001 $6,605 $32,396
2023 $3,821 $22,000 $5,355 $16,645
2022 $3,821 $22,000 $5,355 $16,645
2021 $3,754 $22,000 $5,355 $16,645
2020 $4,116 $21,581 $3,927 $17,654
2019 $4,295 $24,806 $3,927 $20,879
2018 $4,221 $24,806 $3,927 $20,879
2017 $3,582 $20,016 $3,570 $16,446
2016 $3,509 $20,016 $3,570 $16,446
2015 $3,187 $20,016 $3,570 $16,446
2014 $1,846 $12,520 $3,213 $9,307
2013 $1,799 $12,520 $3,213 $9,307
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12155829

Midwest Real Estate Data (MRED)
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